First Ether Strategy ETF Coming This October, Will ETH Price Rally
Ethereum First Ether Strategy ETF Coming This October, Will ETH Price Rally 25 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Eric Balchunas, the senior ETF strategist at Bloomberg has reported that Volatility Shares is all set to launch the Ether Strategy ETF (Ticker: ETHU) two months from now on October 12, 2023. This will make ETHU the first ETF to offer Ether-linked exposure to institutional clients in the United States. Stuart Barton, the CIO of Volatility Shares noted: “Volatility Shares successfully launched the first 2x Bitcoin-linked ETF (BITX) in July and believes that ETHU is the next logical step before turning our forces to spot markets”. Note that Volatility Shares still need to get a nod from US Securities and Exchange Commission on their submitted application. But Eric Balchuinas believes that the chances of approval could be high. He kilala: “Well, there‘s been no withdrawals so SEC looks to be ok with them, but re the date, he did file first so he would normally go out first. but SEC may want to group them, he’s prob just pushing the envolope like he did w BITX”. Volatility Shares filed for its Ether Strategy ETF last month on July 28. Considering the 75 days timeline for the approval,